{quote} I showed it on the bottom screen of my first post. For the first order entry condition was: 1. %R in oversold area 2. "VolumeAndVolatility update" - green 3. wlxFractals previously painted a reversing rhombus 4. "consecutive candles 1_02" drew an arrow with a dot 5. if we take the Kiosotto signals into account (third screen), then the histogram level is above two thresholds: 15 and 21. The second order by the usual rules.

[quote=Genry_05;12272982]{quote} Good day, Salim! To improve the forecast, you can use the statistical advantage. This approach is used in the indicator "consecutive candles" which checks two candles to search for price impulses in the direction of %R, but how effective is it? To answer this question, check with what probability the reversal occurs after X-consecutive candles in one direction. As a result, we will get more reliable settings for candle filtering. According to the results

Hello Genry_05,
Sorry for my late reply as I have to take care of certain other things (I am not a full-time trader). You have suggested that the entry criteria will improve if we add 2 more filters like wlxFractals and Kiosotto. So now we will be needing to have 5 indicators with this system.
It will be helpful for all of us if you can show us a trade example using these 5 indicators marking the entry and exit.
Thanks,
Salim

Hello Genry_05, Sorry for my late reply as I have to take care of certain other things (I am not a full-time trader). You have suggested that the entry criteria will improve if we add 2 more filters like wlxFractals and Kiosotto. So now we will be needing to have 5 indicators with this system. It will be helpful for all of us if you can show us a trade example using these 5 indicators marking the entry and exit. Thanks, Salim

Ignored

Good day, Salim!
My reasoning is not final. The Kiosotto indicator with good probability denotes extremes. It is based on the RSI algorithm. With wlxFractals, things are worse - it only partially meets my requirements, but I have not yet met the better indicator .
I use these indicators to work with two orders.
For the first order entry condition was:
1.% R in extreme area
2. "VolumeAndVolatility update" - green or yellow
3. wlxFractals previously painted a reversing rhombus
4. the Kiosotto histogram level is above threshold
5. if confirmation is necessary, then we are still waiting for the signal "consecutive candles 1_02"
The second order is placed according to the rules of the system.

{quote} Good day, Salim! My reasoning is not final. The Kiosotto indicator with good probability denotes extremes. It is based on the RSI algorithm. With wlxFractals, things are worse - it only partially meets my requirements, but I have not yet met the better indicator . I use these indicators to work with two orders. For the first order entry condition was: 1.% R in extreme area 2. "VolumeAndVolatility update" - green or yellow 3. wlxFractals previously painted a reversing rhombus 4. the Kiosotto histogram level is above threshold 5. if confirmation...

I have another indicator that helps me make a decision. One trader offered me to correct of this indicators mistakes, I corrected, and then I saw the merits of this indicator. Together with Kiosotto, he helps me understand when %R makes a peak or pit in the extreme zone.
Now I will add it to the last screen and you will understand what I am writing about.

I hope that these indicators will help to get away from large drawdowns or from unnecessary SLs.
Successes, Colleagues!

{quote} Yes, I stayed on the TF who recommended cfudge. I have another indicator that helps me make a decision. One trader offered me to correct of this indicators mistakes, I corrected, and then I saw the merits of this indicator. Together with Kiosotto, he helps me understand when %R makes a peak or pit in the extreme zone. Now I will add it to the last screen and you will understand what I am writing about. I hope that these indicators will help to get away from large drawdowns or from unnecessary SLs. Successes, Colleagues! {image} {file}

Ignored

you corrected this indicators mistake means that you have corrected it by changing its settings or coding? Thank you mate

This icon shows on the chart the left edge of the channel in the basement.
To change the depth of the history you need to change the parameter giPeriod (default = 67)

I usually set this parameter by Fibonacci numbers or a multiple of the minutes of the trading day (377/360/233/144/89, etc.)
As you use the indicator, you will select the settings that are convenient for your trading.

{quote} ... So i better use my own way with Bollinger band. With BB you can gauge the market (at least which I do)....

Ignored

I also have this filter option: the signal forms TMA MACD when it goes beyond the boundaries of Bollinger. Additionally, you can take into account the horizontal levels that are based on the ATR or StdDev.
For trading, we take TMA signals when %R (and ABHA) are in the overbought / oversold area.
TMA indicator does not draw and does not change signals.

cfudge has created an excellent base to which you can add refinement settings to your experience and taste.

In the trailer indicator and settings to him as in the screenshot. Just remove the .txt extension from the file name.

Please only post charts with the original template, Thank you. We are still testing and we do not need to add/subtract anything at this early stage...let's all stay on original track. Here is the template;{file} Chris

Ignored

Good, Chris!
The template is really great and to trade it in its pure form is also nice for a deposit.
Sorry for deviating from the rules of this topic.
Genry